About the Loan Process

There's a lot involved when you get a mortgage. You wouldn't be researching mortgage loans if you could get a loan in a single day by filling out a simple application. But Hill Valley Financial Services Inc. does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four main steps involved in obtaining a loan.

Step one: Decide on your maximum loan amount

This is a function of a couple things. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: pre-qualify for your loan

This is where the process really begins and Hill Valley Financial Services Inc. can really save you money. You will supply info about your current job, your assets, and residence history. You'll provide information on your employment, asset, and residence history. We will pull get your credit report and score (with your permission. After we have reviewed all this information we give you a letter of pre-qualification. With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for a new home with your real estate agent, we find the best program for you.

Step three: apply for your loan

Once you have made an offer and the sellers have accepted, you should apply for the loan. Applying for a loan couldn't get much easier; you can apply from the comfort of your home right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order a professional appraisal on the home.

Step four: funding

Your REALTOR® and the seller's will coordinate to designate a title company to handle the funding of your loan. We'll work with this company to ensure all the papers your lender will require are avaiailable, and you will probably}likely sign all these papers at their officeWe work with with the title company on your date to close. Because you don't need to worry about these details, you can concentrate on the move, if you're going to repaint, carpet, and the fun parts of getting your new house.

You've answered a few questions, provided detailed information, applied online, and Before you know it, you'll be moving in! Hill Valley Financial Services Inc. is a mortgage specialist; you're not — so take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call Hill Valley Financial Services Inc. at 503-657-3311. We answer questions about the loan process every day.